If the cash burn is still that high. There should be a class action investigation on where that money has gone. Shareholders have paid via dilution an excess of AUD 80-90 million (USD 50 to 58.5mil.) just for the Project itself...
The Ponds in the DFS only costs USD 30mil... The provincial road upgrade I do not think Galan would have paid anything more than USD 5mil...
It looks bad especially the last time round there were rumors saying some directors used margins to stump up huge amount for the last CR at 23 cents back in April 2024... they would have been margin called by now regardless what collateral they used...
Yet again being able to stump up a huge amount barely recovering from the last CR... Something smells fishy...
AIMHO
If the cash burn is still that high. There should be a class...
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